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Dec 31, 2012
12/12
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. >>> for his part president obama has been trying to turn up the heat on congress applying new pressure on sunday in an interview with david gregory on "meet the press." nbc news white house correspondent has details. >> reporter: on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up, and for the average family that could mean a loss of $2,000 in income and the who economy can slow down. >> reporter: he called an lawmakers to strike a deal or hold a vote on his plan which would raise tax rates on wealthy americans a major sticking points for republicans. >> the way they are behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overriding unifying theme. >> reporter: after the interview republican leaders accused the president of assigning blame instead of leading. >> when they say leadership falls on you mr. president you don't have a role here in breaking this impasse. you've had a tough go with congress. >> if
. >>> for his part president obama has been trying to turn up the heat on congress applying new pressure on sunday in an interview with david gregory on "meet the press." nbc news white house correspondent has details. >> reporter: on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up, and for the average family that could mean a loss of $2,000 in income and the...
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says he will call a vote in congress to stop the tax rises if they can't work it and. the twenty three year old victim of an of riffing gang rape on a bus that triggered violent protests in india has died in a singapore hospital in new delhi gatherings of more than five people have been banned in many parts of the city but this peaceful fifteen was allowed to go ahead the authorities have also closed metro stations and stock cars from accessing some main roads in preparation for possible protests is. now we are coming up too fast to that night of fun fireworks and festivities the first few of us will also be making some resolutions for twenty thirteen and rory half an ist has been hearing some of the wishful thinking in new york. it's that time of year again we all make resolutions for the new year so what's your best this week let's talk about bad same as always so it was a rule looking forward to the mega millions that say you're going to win the lottery and you're going to lose weight and neither of these things are going to happen exactly good just be. kinder gentl
says he will call a vote in congress to stop the tax rises if they can't work it and. the twenty three year old victim of an of riffing gang rape on a bus that triggered violent protests in india has died in a singapore hospital in new delhi gatherings of more than five people have been banned in many parts of the city but this peaceful fifteen was allowed to go ahead the authorities have also closed metro stations and stock cars from accessing some main roads in preparation for possible...
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Dec 27, 2012
12/12
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with just four days until the deadline can president obama and congress still pull out a deal in the nick of time? senator john hoeven of north dakota joins us to respond. >>> plus, a game-changer for the insurance industry. an auto insurer unveils new policies that charge by the mile, giving a big potential boon to drivers. can it drive the competition off the road? the ceo of metro mile is here to take the wheel. >>> and big beer companies putting beer goggles on their customers. the market for kraft beer is booming and big labels are battling to get a foothold but they may be using crafty tactics to sell you the same flat brew in different packaging. less filling tastes great. even when they say it's not it is always about money adam: before we serve you that beer let's look at the day's market headlines. stocks fell for their fourth straight session. that dour outlook on the fiscal cliff from senator harry reid sent stocks tumbling but they came off the session lows following word the house would reconvene this weekend. the dow lost 18 points. >>> jitters over the fiscal cliff se
with just four days until the deadline can president obama and congress still pull out a deal in the nick of time? senator john hoeven of north dakota joins us to respond. >>> plus, a game-changer for the insurance industry. an auto insurer unveils new policies that charge by the mile, giving a big potential boon to drivers. can it drive the competition off the road? the ceo of metro mile is here to take the wheel. >>> and big beer companies putting beer goggles on their...
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Dec 24, 2012
12/12
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obama wants to engage congress on this, it will be an uphill battle for him. >> let's listen to chuck schumer responding to wayne lapierre's comments on the press. >> i think he's so extreme and so tone deaf that he actually helps the cause of us passing sensible gun legislation in the congress. >> friday's comments, yesterday's interview, what's your thought here? was he handling the sensitivity properly here? >> when the nra entered the fray on friday, they introduced a different topic into the conversation we'd been talking a lot about gun control, mental health issues and here we have a new topic of arming more people in schools. so i think this might be a more divisive part of the conversation and kind of might rile up some democrats to be opposing them. >> jake, you know, lapierre was very clear in his messaging over the weekend as well as on friday and kaitlin was making one note of that. who is he trying to convince right now and is he the right personing to carrying the message right now coming from the nra? >> i think you've seen a backlash of sorts, even from the right, peo
obama wants to engage congress on this, it will be an uphill battle for him. >> let's listen to chuck schumer responding to wayne lapierre's comments on the press. >> i think he's so extreme and so tone deaf that he actually helps the cause of us passing sensible gun legislation in the congress. >> friday's comments, yesterday's interview, what's your thought here? was he handling the sensitivity properly here? >> when the nra entered the fray on friday, they introduced...
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Dec 27, 2012
12/12
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obama and congress can reach a new deal by the new year, deep spending cuts will be taking effect. and while the president takes his flight back here to d.c., the first lady and their daughters are staying in hawaii. >> the first couple sat down with our very own barbara walters before their vacation. we pick up their conversation with talk about their family. >> i want to talk a bit about the girls. we've been watching them grow up from little girls to young ladies. malia recently got her first cell phone. do you monitor it and see who she calls or who she texts? >> i give my daughter, i give her a long rope, and there is monitoring, because we have rules. but monitoring may be, you never know when i'm going to walk in your room and i'm going to ask you who are you talking about and are you talking about school work? >> and they're not very good at lying. we joke sometimes about how malia is getting to the age now, boys start calling and sort of -- i always talk about how one of the main things about running again was continuing secret service protection. >> mr. obama, there is a
obama and congress can reach a new deal by the new year, deep spending cuts will be taking effect. and while the president takes his flight back here to d.c., the first lady and their daughters are staying in hawaii. >> the first couple sat down with our very own barbara walters before their vacation. we pick up their conversation with talk about their family. >> i want to talk a bit about the girls. we've been watching them grow up from little girls to young ladies. malia recently...
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this congress ten percent approval rating worst congressional approval rating in history they passed forty six bills on abortion one hundred thirteen bills on religion seventy two bills on firearms thirty seven area quite a bit of post office yeah they've got a bunch of post offices and the president wants to defer to these guys to come up with a deal no wonder that this session one hundred twelfth congress the worst most unproductive congress ever is ending with a sort of fiscal cliff drama like it is right now it's so appropriate it's so appropriate and a little bit for me at least a little deja vu i mean as we mentioned this always gets left to the last minute the moment anyone who is surprised by this obviously doesn't see what happens in washington because it's always left to the last moment talk for a second sam you have not only been covering a congress you've worked on the hell before as a former staffer. this is more of the same it's more of the same for the last few years but it's different you know when things like the debt limit and things like budget bills and appropriat
this congress ten percent approval rating worst congressional approval rating in history they passed forty six bills on abortion one hundred thirteen bills on religion seventy two bills on firearms thirty seven area quite a bit of post office yeah they've got a bunch of post offices and the president wants to defer to these guys to come up with a deal no wonder that this session one hundred twelfth congress the worst most unproductive congress ever is ending with a sort of fiscal cliff drama...
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Dec 27, 2012
12/12
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president obama doesn't have to worry as much as the members of congress do because he's not on the ballot again. >> but if there's a second recession, doesn't that kill his second term? >> i hear republicans and democrats and obama want to come together on middle class rates. i think they'll make a deal in early january to extend some part. >> but are you saying this doesn't really hurt? if they go sometime next friday, nine days from now, will the market go down and come up or will it plunge? >> the republicans want to cut a deal before the cliff. >> i know that. but if this thing goes over the cliff, will there be term innocent damage to the economy like a new recession? >> republicans tell me they think if they can make a deal on rates early january the markets will fluctuate. >> i am hearing the markets have already reacted. >> for a couple days. couple days. >> yeah. >> i've heard another argument. a lot of people say, or at least people i've talked to, if they can't do it by the date, they can't count on anything gets done. it'll get worse every day. >> it has been for two years. >>
president obama doesn't have to worry as much as the members of congress do because he's not on the ballot again. >> but if there's a second recession, doesn't that kill his second term? >> i hear republicans and democrats and obama want to come together on middle class rates. i think they'll make a deal in early january to extend some part. >> but are you saying this doesn't really hurt? if they go sometime next friday, nine days from now, will the market go down and come up...
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Dec 27, 2012
12/12
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president obama back in washington d.c. spoke to all the congressional leaders, top democrats and republicans in the house and senate, no update, or signs of real progress, senior administration official says this one is up to congress to figure out. house republicans say we need the senate to act, senators say we need republicans to act. terry reed hit the floor a short while ago and said it looks like we are headed over the fiscal plan and called on the house to set -- pass the senate plan. >> i see the speaker painting the escape hatch, put the economic base in your own state as speaker of the house. million of middle-class families are nervously watching, waiting and counting down the moment until our taxes go up. >> that escape hatch would keep taxes where they are for families earning less than $250,000 a year and increase for those earning more. a response from house speaker john boehner's office, spokesperson saying harry reid should talk less and legislate more. the house has passed legislation to avoid the entire
president obama back in washington d.c. spoke to all the congressional leaders, top democrats and republicans in the house and senate, no update, or signs of real progress, senior administration official says this one is up to congress to figure out. house republicans say we need the senate to act, senators say we need republicans to act. terry reed hit the floor a short while ago and said it looks like we are headed over the fiscal plan and called on the house to set -- pass the senate plan....
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Dec 28, 2012
12/12
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WUSA
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president obama. the closed door meeting was an attempt to avoid the automatic tax headaches and spending cuts set to king at the start of the new year. with just three days to go republicans and democrats are still blaming each other. >> i want to thank all of you for being here to call upon the republicans not to drop the ball on the middle class. >> reporter: there was a new year's eve style rally saying the fiscal cliff ball is in the republicans court. >> it's republicans who are holding hostage the middle class in america so that the wealthy don't have to pay their fair share. >> we need two words. presidential leadership, while not just taxing rich people. >> reporter: tennessee republicans lamar alexander and bob corker said the president has to take the lead. corker was not optimistic about the white house meeting. >> we're going end one a small kick the can down the road bill that creates another fiscal cliff to deal with this fiscal cliff. >> reporter: today's meeting at the white house is
president obama. the closed door meeting was an attempt to avoid the automatic tax headaches and spending cuts set to king at the start of the new year. with just three days to go republicans and democrats are still blaming each other. >> i want to thank all of you for being here to call upon the republicans not to drop the ball on the middle class. >> reporter: there was a new year's eve style rally saying the fiscal cliff ball is in the republicans court. >> it's republicans...
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Dec 28, 2012
12/12
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WRC
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president obama meets with congressional leaders this afternoon. white house is denying reports to send a scaled back plan to congress. a deal at this point would probably extend bush era tax cuts for most americans and raise taxes on the country's top earners. it could also include an extension of long-term unemployment benefits, spending cuts would also be postponed. house speaker john boehner will be at the meeting today. the house will convene for a rare sunday evening session. house majority leader eric cantor says the house could be in session until january 2nd, the day before the new congress is sworn in. boehner, meanwhile, maintains that it's up to the senate to act first. >>> millions of americans may watch the ball drop new year's eve in times square, but a group of democrats is organizing its own ball drop on capitol hill. they'll launch their countdown today. their ball represents republicans dropping the ball on middle class families should lawmakers fail to reach a deal to avoid the fiscal cliff. >>> new this morning, iran's state te
president obama meets with congressional leaders this afternoon. white house is denying reports to send a scaled back plan to congress. a deal at this point would probably extend bush era tax cuts for most americans and raise taxes on the country's top earners. it could also include an extension of long-term unemployment benefits, spending cuts would also be postponed. house speaker john boehner will be at the meeting today. the house will convene for a rare sunday evening session. house...
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Dec 31, 2012
12/12
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and of course, president obama sort of continuing his public campaign to pressure congress, not only republicans, but also, democrats who have expressed skepticism about this deal and not getting enough in new revenues. the president saying, look, this is not a perfect deal, not grand bargain, the big deal they had initially hoping for and working on but it is a deal nonetheless and will prevent at least part of the fiscal cliff set to go in to effect in a matter of hours now. >> mike, we talk a lot here about the sequester, the income tax rates for the wealthy and other issues that need to be resolved or one on the table. one that's not on the table, the payroll tax extension is just gone. unemployment insurance extension looks like it's part of this. and medicare dock fix. you have any sense of two other things that obama's been looking for here? one is an extension of the expansion of the refundable tax credits of stimulus in 2009. these are things pushing for. if that's part of it and obama looking for at least some infrastructure, some stimulus spending. are any of those compone
and of course, president obama sort of continuing his public campaign to pressure congress, not only republicans, but also, democrats who have expressed skepticism about this deal and not getting enough in new revenues. the president saying, look, this is not a perfect deal, not grand bargain, the big deal they had initially hoping for and working on but it is a deal nonetheless and will prevent at least part of the fiscal cliff set to go in to effect in a matter of hours now. >> mike, we...
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Dec 26, 2012
12/12
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. >>> president barack obama is headed back to washington d.c. and just six days remain before our country goes over the fiscal cliff. here is more from our washington d.c. newsroom. >> reporter: brian is congress does not act taxes will go up on all americans next tuesday. they are scheduled to get back to work for tomorrow morning which is when president barack obama's flight returns from hawaii but many are pest mystic he will reach -- pessimist particular they will reach the deadline. it is the republican controlled householding out. house speaker john boehner wants increase for those making only 1 million a year. they say it's more likely we will go over the cliff than not. >> if we allow that to happen it will be the most colossal consequential act of congressional you are responsibility in a long time. >> reporter: some republicans are saying president barack obama will actually get his way if a fiscal cliff is not reached before the deadline, kyle la campbell, washington d.c. newsroom. >>> and in general delegations are not as crowded as
. >>> president barack obama is headed back to washington d.c. and just six days remain before our country goes over the fiscal cliff. here is more from our washington d.c. newsroom. >> reporter: brian is congress does not act taxes will go up on all americans next tuesday. they are scheduled to get back to work for tomorrow morning which is when president barack obama's flight returns from hawaii but many are pest mystic he will reach -- pessimist particular they will reach the...
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Jan 1, 2013
01/13
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KPIX
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president obama chastised in his speech congress for taking too long to get the deal done. but he also threw something out at republicans saying if they think that spending cuts is the only thing that's going to reduce the deficit, they have another thing coming and that basically references the $16.5 trillion in debt which is the next issue on the table. a lot of republicans were offended and it could antagonize enough of them to jeopardize an "up" vote on this bill to get it done. >> they are making progress. that's a good sign in the new year. we see what the house says today. tara mergener live on this new year's day in washington, thank you. >>> and that's how they rang in 2013. about a million people in all over the world got the times square treatment. new york's crystal ball dropped into the new year. it was cold but worth it they say to join the party. looks like the weather cooperated for a spectacular night of fireworks along the waterfront in san francisco. they jammed the embarcadero as midnight approached. when it was all over the cars jammed the streets in th
president obama chastised in his speech congress for taking too long to get the deal done. but he also threw something out at republicans saying if they think that spending cuts is the only thing that's going to reduce the deficit, they have another thing coming and that basically references the $16.5 trillion in debt which is the next issue on the table. a lot of republicans were offended and it could antagonize enough of them to jeopardize an "up" vote on this bill to get it done....
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Dec 30, 2012
12/12
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. >> reporter: president obama says it's important for congress to vote on some type of package before the fiscal cliff deadline expires. >> if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an upor -- up or down vote, one that protects the middle class from a hike, extends insurance to 2 million americans looking for a job and lays the groundwork for future cooperation on more economic growth and deficit reduction. >> the current congress only be in session until january 3rd. after that, 13 new senators and 82 new house members will take over and inherit this huge problem, right out of the congressional gate. audrey barnes, fox 5 news. >> critics are most concerned about the -- spending will be cut by more than $50 billion but exactly what is cut is still to be determined. >> going to affect the operational force that's deployed in terms of its ability to maintain its equipment, to get repair parts and that forces -- not just the force that's in afghanistan that's being reduced. it
. >> reporter: president obama says it's important for congress to vote on some type of package before the fiscal cliff deadline expires. >> if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an upor -- up or down vote, one that protects the middle class from a hike, extends insurance to 2 million americans looking for a job and lays the groundwork for future cooperation on more...
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Dec 24, 2012
12/12
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. >>> and in honolulu, president obama and the first lady attended a memorial service for senator daniel inouye, the world war ii veteran who died last week at age 88 after serving nearly 50 years in congress. >>> now to new comments from mitt romney's oldest son that have gotten a lot of people talking. it's been seven weeks since the election and there has been a steady stream of behind-the-scenes details coming from both campaigns. now comes the revolution from tag romney that his father had no desire to run for president at least at first. we have more on that from boston. >> i have just called president obama to congratulation him on his victory. >> reporter: as mitt romney, top gop leaders continue assessing how he lost the election to a vulnerable president, the oldest son is raising eyebrows about his dad's initial reluctance to make another run. tagg romney said he wanted to be press less than anyone else in the world. if he could have found someone else to make the run, he would have stepped aside. >> i do know that there were very serious discussions and concerns at the time b
. >>> and in honolulu, president obama and the first lady attended a memorial service for senator daniel inouye, the world war ii veteran who died last week at age 88 after serving nearly 50 years in congress. >>> now to new comments from mitt romney's oldest son that have gotten a lot of people talking. it's been seven weeks since the election and there has been a steady stream of behind-the-scenes details coming from both campaigns. now comes the revolution from tag romney...
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Dec 29, 2012
12/12
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today president obama called on congress to agree on a compromise plan to protect the middle class. >>> the woman who went to prison for murdering the scarsdale diet doctor in 1990 has herself died. jean harris was 89. she was the doctor's longtime lover. he developed the famous fad, the diet in the 1980s, and harris said she found him treated on her and tried to commit suicide in front of him. they wrestled over a gun and he was shot. >>> former president george h.w. bush is getting better. he is reportedly singing with doctors and nurses in the houston hospital where he is at, although he is still in the intensive care unit. the senior bush has been in the hospital now for more than a month, but his family says that they are confident that he'll be out or released soon. >>> a cancer diagnosis didn't stop one man. in fact, at 79, it is spurring him on to achieve new goal as a marathon runner. >>> plus, no more nudity in san francisco. at least not in public. it is one of the most outrageous lawsuits of the year. and of course our legal guy will weigh in. announcer ] what if the next
today president obama called on congress to agree on a compromise plan to protect the middle class. >>> the woman who went to prison for murdering the scarsdale diet doctor in 1990 has herself died. jean harris was 89. she was the doctor's longtime lover. he developed the famous fad, the diet in the 1980s, and harris said she found him treated on her and tried to commit suicide in front of him. they wrestled over a gun and he was shot. >>> former president george h.w. bush is...
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Dec 26, 2012
12/12
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. >> president obama will be arriving in washington tomorrow and both houses of congress will be back in session tomorrow. that will give them just five days to put together a deal to avoid the massive automatic tax hikes and spending cuts known as the fiscal cliff. >> president obama spent christmas day visiting with troops in hawaii. >> while back in washington uncertainty about the looming fiscal cliff continues. there has been to communication between republicans and democrats about how to avoid going over the cliff. before the christmas break, speaker john boehner was unable to get enough support from respects to pass his plan and help said it was up to the white house and the senate to avert the cliff. so now harry reid is believed to be crafting a plan of his own. it's expected to extend bush-era tax cuts. it would also include short-term spending cuts instead of the massive cuts that would occur if there is no deal. it would also patch up the alternative minimum tax that will hit even more middle class families and schedule a drop off for doctors. >> if republicans do give in
. >> president obama will be arriving in washington tomorrow and both houses of congress will be back in session tomorrow. that will give them just five days to put together a deal to avoid the massive automatic tax hikes and spending cuts known as the fiscal cliff. >> president obama spent christmas day visiting with troops in hawaii. >> while back in washington uncertainty about the looming fiscal cliff continues. there has been to communication between republicans and...
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Dec 28, 2012
12/12
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CNBC
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. >>> president obama calls congress back to the capital. >>> investors are bracing for the final eurozone bond sale of the year. italy is expected to see solid demand when it sells up to 6 billion euros of longer dated paper today. >> and japan's finance ministers saying other countries have no right to lecture japan on its currency policy instead calling for the u.s. to seek a stronger dollar. >>> let's take a quick check of the u.s. markets. the dow, nasdaq and s&p 500 down four days in a row something on the average of 2% when it come to the nasdaq. we're seeing pointed arrows this morning, again. looking to shed three or four points at the open, similar small decline seen for the nasdaq and for the s&p. most are still well in the green for the year, although december will be a down month unless the nasdaq can turn it around quickly. european bourses, the ftse 100 just barely lower, though, not moving too much. the xetra dax is an underperformer, down about .3%. the cac 40 also a mirror image of what we saw yesterday. the ibex 35 is down almost 1%. the earlierer losses are starting to
. >>> president obama calls congress back to the capital. >>> investors are bracing for the final eurozone bond sale of the year. italy is expected to see solid demand when it sells up to 6 billion euros of longer dated paper today. >> and japan's finance ministers saying other countries have no right to lecture japan on its currency policy instead calling for the u.s. to seek a stronger dollar. >>> let's take a quick check of the u.s. markets. the dow, nasdaq...
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Dec 30, 2012
12/12
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here is more of president obama talking about the overall situation. >> what congress needs to do is to prevent taxes from going up for the vast majority of americans. and this was a major topic of discussion throughout the campaign. what i said was that we should keep taxes where they were for 98% of americans, 97% of small businesses. but, if we are serious about deficit reduction, make sure the wealthy are paying more and combine it with spending cuts and put the economy on a long term trajectory of growth. over the next 48 hours, my hope is people recognize that regardless of partisan differences, our priority has to be to make sure taxes on middle class families do not go up. that would hurt our economy badly. at a certain point, it is very important for republicans in congress to say we understand we are not going to get 100%. we are willing to compromise in a serious way to solve problems. >> give you the live picture. you are seeing the majority leader, harry reid. >> they will begin at 3:00. announce the business of the day. >> under the previous order, the leadership time i
here is more of president obama talking about the overall situation. >> what congress needs to do is to prevent taxes from going up for the vast majority of americans. and this was a major topic of discussion throughout the campaign. what i said was that we should keep taxes where they were for 98% of americans, 97% of small businesses. but, if we are serious about deficit reduction, make sure the wealthy are paying more and combine it with spending cuts and put the economy on a long term...
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Jan 1, 2013
01/13
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KPIX
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president obama said he would have preferred a grand bargain that solved all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. [ laughter ] >> it may be we can do it in stages. >> reporter: negotiations have been going on all day. lawmakers and aides moving back and forth between meeting rooms here on capitol hill on what is normally a quiet new year's eve. the major sticking upon the now is spending. the president suggested lawmakers make action on deficit reduction in the next few months and that more tax revenue could be involved in those discussions. but republicans are furious at that possibility. >> i'm willing to support revenues to deal with this problem. the overall problem. but what i will not grow to is using revenues to replace spending reductions. >> reporter: even if the senate approves the deal by midnight the house still has to pass the measure before the president can sign it into law. the house left earlier this evening, but it doesn't matter in terms of the "fiscal cliff" agreement b
president obama said he would have preferred a grand bargain that solved all of washington's revenue and spending problems. >> with this congress, that was obviously a little too much to hope for at this time. [ laughter ] >> it may be we can do it in stages. >> reporter: negotiations have been going on all day. lawmakers and aides moving back and forth between meeting rooms here on capitol hill on what is normally a quiet new year's eve. the major sticking upon the now is...
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Dec 26, 2012
12/12
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obama even had a program for it called "we can't wait." the most famous "we can't wait" provision was on immigration, where he basically stopped the deportation on young hispanic people brought her as immigrants as children. that's, as you know, the fastest-growing voting population in the country. >> and quite possibly could have delivered him the state of florida. let's talk about some other interesting issues, highs and lows of the campaign, that happened within a month of each other, the first would be a low, that first debate, a lot of folks thought mitt romney was tipping the scales after that night in denver. >> well, astonishing, several things were going on there, i don't think president obama likes these debates. i don't think he really respected governor romney at that point, probably thought he might have been a bit of a lightweight, also a feeling president obama wanted to feel presidential and above it all and all those things combined for a horrific performance, even his aides would admit that and he would admit that at this
obama even had a program for it called "we can't wait." the most famous "we can't wait" provision was on immigration, where he basically stopped the deportation on young hispanic people brought her as immigrants as children. that's, as you know, the fastest-growing voting population in the country. >> and quite possibly could have delivered him the state of florida. let's talk about some other interesting issues, highs and lows of the campaign, that happened within a...
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Dec 28, 2012
12/12
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FBC
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president obama's move to say let's take this out of congress and let me have sole authority to lift the borrowing authority whenever one won't fly. >> there have been a lot of shenanigans around this in the past. the conversation is when we are doing spending. when we are passing appropriations is the time to say should we spend this money or not? they are deciding to spend the money and don't want to pay the bill and that is not the right time to have this conversation. shibani: is not in the household or the government. thank you very much, have a happy new year. it is a quarter till. every 15 minutes stocks, lauren simonetti looking at the s&p 500's biggest loser. >> advanced microdevices are selling off by 4.5% and if you take a look at the stock for the week it is pretty ugly, into the double digits, the reason is a 25 year veteran of the company to rival samsung, that is weighing on the stock and that is a pretty bad week. shibani: a bad week for overall stock. we are trading at tight range, and broadly lower, stock markets and the things we like to look at and retail stocks a
president obama's move to say let's take this out of congress and let me have sole authority to lift the borrowing authority whenever one won't fly. >> there have been a lot of shenanigans around this in the past. the conversation is when we are doing spending. when we are passing appropriations is the time to say should we spend this money or not? they are deciding to spend the money and don't want to pay the bill and that is not the right time to have this conversation. shibani: is not...
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. >> president obama is cutting short his christmas break with the fiscal cliff looming large. >> the fiscal cliff gets closer. congress now has six days left to make a deal. >> aloha, hawaii. >> to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a pretty good day. >> they were this close. they were this close to a solution. >> he's going to get tax rate hikes. >> are we going over the cliff? >> i believe we are. >> be republican and be conservative and pass a bill that cuts tax. >> boehner has no control over his extreme right wing faction. >> should anybody's taxes be raised at this point? answer yes or no. >> no. no. ♪ >> we begin as president obama and the senate head back to washington set for one last effort to avert the first fiscal cliff. aloha means good-bye for the president as he packs bound for the white house tonight. the president cutting short his vacation leaving michelle and the girls behind as he gets back to work to try to prevent tax increases and spending cuts due to begin next week. there's just one problem. it appea
. >> president obama is cutting short his christmas break with the fiscal cliff looming large. >> the fiscal cliff gets closer. congress now has six days left to make a deal. >> aloha, hawaii. >> to my republican colleagues, the ronald reagan model is if you get 80% of what you want, that's a pretty good day. >> they were this close. they were this close to a solution. >> he's going to get tax rate hikes. >> are we going over the cliff? >> i...
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the white house hopes to have president obama's signature on the legislation by the time the new congress takes office at noon on thursday. that would minimize the impact of not having a deal in place by the start of the year. another spending battle is also brewing on capitol hill. the government is close to reaching its debt limit. the treasury is taking steps to delay reaching the $16.4 trillion borrowing limit. yesterday it stopped issuing new debt for two government retirement funds. that won't impact current retirees. treasury secretary timothy geithner announced last week that his department will adopt measures to save about $200 billion. that's going to keep the government from reaching its limit for about two months. >>> we've also got much more information coming ahead in the next few hours on this deal right here on news4 today. again on news 4 at 5:00 and at 11:00. you can also read about it by going to nbcwashington.com. >>> today is the day some couples in maryland thought would never come. same-sex marriage became legal at the stroke of midnight and it's exactly how some co
the white house hopes to have president obama's signature on the legislation by the time the new congress takes office at noon on thursday. that would minimize the impact of not having a deal in place by the start of the year. another spending battle is also brewing on capitol hill. the government is close to reaching its debt limit. the treasury is taking steps to delay reaching the $16.4 trillion borrowing limit. yesterday it stopped issuing new debt for two government retirement funds. that...
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there's no rallies calling on members of congress to stand firm against any compromise. what what explains that? >> i think it's a seshl movement and it's evolved dramatically from those protests in 2009. we were involved in those and those were very important at that time. you're seeing an evolution in developing sophistication at the very local level amongst activists. they're very aware of what's going on on the fiscal cliff. they're very aware of what a budget resolution is and you see that pressure applied to both republicans and democrats. >> warner: quietly. >> well, we're not a protest movement anymore. we're something else. we're going to be seating candidates, recruiting candidates in the next cycle and that's a level of sophistication we didn't have in 2009. >> warner: will the tea party exact retribution on republicans who do vote for any compromise that includes any tax increases? >> i think -- i can just speak for freedom works. i think we look at the entire two year cycle of a representative's voting records and it's not just about one thing. what we'd rea
there's no rallies calling on members of congress to stand firm against any compromise. what what explains that? >> i think it's a seshl movement and it's evolved dramatically from those protests in 2009. we were involved in those and those were very important at that time. you're seeing an evolution in developing sophistication at the very local level amongst activists. they're very aware of what's going on on the fiscal cliff. they're very aware of what a budget resolution is and you...
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obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is working on his own plan to get lawmakers to come together before the end of the year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short term spending cuts instead of the massive long-term cuts that would happen if there is no deal. after our wednesday conference call, house republican leaders issued a statement saying they were waiting for the democratic controlled senate. the house will take this action on whatever the senate can pass they said but the senate first must act. in a sign of public frustration over the lack of a deal the coffee giant starbucks is asking employees in approximately 120 washington area cafes to write the words "come together" on cups for drink orders. >> we just wanted to have a subtle message of coming together and everyo
obama wants congress to take the lead in getting the job done. the senate convenes later today and senate majority leader harry reid told members to be prepared to address fiscal cliff issues through the weekend. reid is working on his own plan to get lawmakers to come together before the end of the year deadline. that plan would likely include letting the bush tax cuts expire for households making more than $250,000 a year and short term spending cuts instead of the massive long-term cuts that...
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he fought president obama's administration on the stimulus program. he had a lot of different thingf that had him really in highin regards in conservatives. h then he had an affair. >> ifill: but he's running against or looking...le >> jenny sanford, his ex-wife, had also expressed interest in this house seat.fa what's very interesting about this, in addition to the fact that they were once married and he had this affair and wentac public and ended up leaving the governor's race in a bit of disgrace and under investigation for using state funds for t meeting his mistress-- he held this seat for three terms. this is a district he's familiar with. she was actually his campaign20 manager when he held this seat in the late 1990 as and into 2002 when he was elected as governor. neither of them are backing away. both of them have said they're inferested. they haven't officially declared. he's got more than a million dollars in the bank left over m from his political career. it's possible he could be in good shape there.is >> ifill: it's interesting.e at the
he fought president obama's administration on the stimulus program. he had a lot of different thingf that had him really in highin regards in conservatives. h then he had an affair. >> ifill: but he's running against or looking...le >> jenny sanford, his ex-wife, had also expressed interest in this house seat.fa what's very interesting about this, in addition to the fact that they were once married and he had this affair and wentac public and ended up leaving the governor's race in...
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perhaps a scaled down deal from president obama? >> yeah. i believe we need a big deal, but the more likely possibility, at this point, is it's really focused on a tax deal where they come up with some number between what speaker boehner and president obama talked about, that they address things like alternative minimum tax, and put together a deal that we either try to pass before the end of the year or get agreement to come back right after the first of the year and pass it through both houses. adam: the numbers were something like the president at one point was willing to raise his baht -- bottom line to 400,000. if that's the deal, can you guys, can the men and women in our political leadership pass something before midnight, december 31? >> well, i think so. i mean, and you're going exactly the right direction. if you take what's been put on the table, you got the senate bill, you got the house bill, and you got what president obama and speaker boehner talked about, somewhere in the middle, i think, is a deal we could pass before year e
perhaps a scaled down deal from president obama? >> yeah. i believe we need a big deal, but the more likely possibility, at this point, is it's really focused on a tax deal where they come up with some number between what speaker boehner and president obama talked about, that they address things like alternative minimum tax, and put together a deal that we either try to pass before the end of the year or get agreement to come back right after the first of the year and pass it through both...
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obama and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal cliff is not avoided. >> there is a mismatch right now between how everybody else is thinking about these problems. democrats and republicans, outside of this town and how folks are operating here and we've just got to get that aligned. >> reporter: the president's wife and daughters are going to stay in hawaii to continue vacationing. we're told the president may rejoin them or he may not. it all depends on how negotiations progress in the next few days. gregg: well, you know what, peter? there's not lost love between boehner and president obama. are they going to meet? >> reporter: they might, gregg. the speaker is expec
obama and congress can not agree on a stopgap measure, automatic hikes and spending cuts will hit americans jan 1. peter doocy live in washington with more on this peter, what is the latest? >> reporter: gregg, the president said on friday he would see it this week and maybe if lawmakers went back to home districts to drink eggnog and eat cookies and sing christmas carols maybe they would be more in touch with the hardship so many americans are going to face if the fiscal cliff is not...
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president obama is now scheduled to make a statement about the negotiations. that's going to take place about 1:30 or so, in less than 30 minutes. we'll bring it to you live at the white house as soon as it happens. we want to talk about what is going on behind the scenes. you have negotiations led by the vice president and senate minority leader mitch mcconnell. sources are telling us they are making some progress, but here's the catch. if a deal is reached, there is no guarantee it's going to pass. here's what democratic senator tom harkin said on the senate floor earlier this morning. >> if we're going to have some kind of a deal, the deal must be one that really does favor the middle class. the real middle class. those that are making 30,000, 50,000, 60,000, 70,000 a year. that's the real middle class in america. and as i see this thing developing, quite frankly, as i've said before, no deal is better than a bad deal, and this looks like a very bad deal the way it's he shaping up. >> we cover it from all angles. we have dana bash on capitol hill and jessic
president obama is now scheduled to make a statement about the negotiations. that's going to take place about 1:30 or so, in less than 30 minutes. we'll bring it to you live at the white house as soon as it happens. we want to talk about what is going on behind the scenes. you have negotiations led by the vice president and senate minority leader mitch mcconnell. sources are telling us they are making some progress, but here's the catch. if a deal is reached, there is no guarantee it's going to...
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. >> brian: straight ahead, president obama wanted congress to get raises. but most americans think they're doing a very bad job. will lawmakers see more money in their paychecks? there is an update. >> steve: kind of a diplomay day in washington. chances are you watched the times square ball drop. down south it was all about the peach. we're going to show you how the rest of the country rang in the new year when "fox & friends" rolls on live from new york city >> brian: more than a billion people -- okay, a million. gather to do watch a ball drop in times square. another part of the country, people rang in the new year with some unusual traditions. atlanta, it was all about the peach. the 800-pound peach is juicy, has been a tradition since 1989. in orlando, more fruit. thousands of people gathered to drop the orange. >> juliet: why are you talking like that? >> brian: this year, not only rang in the new year, but marked the 500th anniversary of florida's discovery of the orange. >> juliet: yea, to florida. >> brian: we discovered florida. it was just sitti
. >> brian: straight ahead, president obama wanted congress to get raises. but most americans think they're doing a very bad job. will lawmakers see more money in their paychecks? there is an update. >> steve: kind of a diplomay day in washington. chances are you watched the times square ball drop. down south it was all about the peach. we're going to show you how the rest of the country rang in the new year when "fox & friends" rolls on live from new york city...
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but with this congress that was obviously a little too much to hope for at this time. [laughter] >> maybe we can do it in stages. we'll solve this problem instead in several steps. last year in 2011 we started reducing the defend city through $1 trillion in spending cuts. those have already taken place. the agreement being worked on right now would further reduce the deficit by asking the wealthiest 2% of americans to pay higher taxes for the first time in two decades. so that would add additional hundreds of billions of dollars to deficit reduction. so that's progress. but we are going to need to do more. keeping in mind last month republicans in congress said they would never agree to raise tax rates on the really nest americans. obviously the agreement would raise those rates permanently. [applause] >> but keep in mind we still have more work to do. we have deficits that need to be dealt with and we need to think about how to put our economy on a long-term trajectory of growth and infrastructure to help our economy grow. keep in mind the threat of tax hikes going up
but with this congress that was obviously a little too much to hope for at this time. [laughter] >> maybe we can do it in stages. we'll solve this problem instead in several steps. last year in 2011 we started reducing the defend city through $1 trillion in spending cuts. those have already taken place. the agreement being worked on right now would further reduce the deficit by asking the wealthiest 2% of americans to pay higher taxes for the first time in two decades. so that would add...
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president obama in a radically different congress controlled by house speaker nancy pelosi and senate majority leader harry reid revisitted the bush tax cuts. in two separate votes in february, 2009, and december, 2010, democrats could have increased taxes on the wealthy if they really believed that what they now say. did they raise taxes on the wealthy? no. why not? democrats could have permanently protected lower and middle income families there higher taxes if democrats really believed what they now say. did they? no. why not? mr. speaker, why would a democrat congress and white house say they want to tax the wealthy but not do it? why would a democrat congress and white house say they want permanent tax relief for lower and middle income taxpayers yet not give it? the answer is simple, washington democrats twice voted against tax increases on the wealthy and twice voted against giving permanent tax relief to lower and middle income families so that they could run campaigns onp human emotions like greed, envy, and class warfare, and campaign against the very tax policies democrats
president obama in a radically different congress controlled by house speaker nancy pelosi and senate majority leader harry reid revisitted the bush tax cuts. in two separate votes in february, 2009, and december, 2010, democrats could have increased taxes on the wealthy if they really believed that what they now say. did they raise taxes on the wealthy? no. why not? democrats could have permanently protected lower and middle income families there higher taxes if democrats really believed what...
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but we're hopeful that congress can get it done. but it's not done. >> let's get straight to our chief white house correspondent jessi jessica yellin. she's over at the white house with the very latest. the president seems pretty optimistic that it's within a few hours we could have a deal, right? >> reporter: wolf, the people i just spoke to here say they are no more or less optimistic than they were this morning. which is to say they are not cueing the confetti just yet. senator mitch mcconnell, the republican leader on the hill, is still talking to the white house. the white house is in constant contact with the democratic leader harry reid. and they're working towards some kind of an agreement. but the white house has all along had -- during these past few days, been somewhat hopeful that they could reach some kind of agreement in the senate. all along, they have been far less optimistic that there would be an agreement that can get through the house. only because from the white house's perspective, from democrats' perspective b
but we're hopeful that congress can get it done. but it's not done. >> let's get straight to our chief white house correspondent jessi jessica yellin. she's over at the white house with the very latest. the president seems pretty optimistic that it's within a few hours we could have a deal, right? >> reporter: wolf, the people i just spoke to here say they are no more or less optimistic than they were this morning. which is to say they are not cueing the confetti just yet. senator...
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. >> so this is a little bit of obama throwing it back in congress' court and saying, there should be a majority for this passing. but republicans are not going to -- they are going to be very, very cool to this today. >> let me ask you about the politics of this post january 1st. let's say nothing happens, they can't get a deal. it's now january 3rd. who wakes up in the more powerful political position to get what they want in a fiscal cliff deal? >> it's kind of a strange situation. most conservatives in the house want to go over the cliff because they want to vote to lower taxes and they will have the ability to do that once taxes go up after january 1st. >> it just sounds better. >> right. >> rather than i let your taxes go up. >> exactly. i think politically, though, all of the policy moves in the direction of the democrats, right? tax rates go up. big spending cuts at the pentagon. and all the polls show that the republicans are going to be blamed for all of this. so obama -- as the one guy in this town that wants a deal more than anyone. on the other hand, he's probably the guy
. >> so this is a little bit of obama throwing it back in congress' court and saying, there should be a majority for this passing. but republicans are not going to -- they are going to be very, very cool to this today. >> let me ask you about the politics of this post january 1st. let's say nothing happens, they can't get a deal. it's now january 3rd. who wakes up in the more powerful political position to get what they want in a fiscal cliff deal? >> it's kind of a strange...
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that is my dad's campaign picture when he was 39 years old running for congress in 1932. this is his desk and i sat on it when i was a kid, 10 years old. >> this is my favorite thing in your office. >> there's a lot of things that go and there but the real problem is a lot of people don't realize it. >> then there are the fun things like the model of grover given to him by students from caltech. also the mock spot sports illustrated cover. >> i have never been anything more than a water boy. >> no e-mail may perhaps be the secret to buffett's success. >> no e-mail for the richest man in the world. here's a look from our mt. tam cam and it should be a pretty nice day. lots of sunshine looking down the coast right now. enjoy it because more rain is on the way. we will have more on the forecast coming up. also you can bring in the new year right here on kron4. the only local show with live fire worked around the bay posted by katharine heenan and gary radnich. >> the california highway patrol reported over a thousand you why arrest those this weekend. they went to a maximum
that is my dad's campaign picture when he was 39 years old running for congress in 1932. this is his desk and i sat on it when i was a kid, 10 years old. >> this is my favorite thing in your office. >> there's a lot of things that go and there but the real problem is a lot of people don't realize it. >> then there are the fun things like the model of grover given to him by students from caltech. also the mock spot sports illustrated cover. >> i have never been anything...
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president obama says he's optimistic senate leaders can avoid the fiscal cliff with just three days to go. if no agreement is reached the president says he's urge congress to hold up or down votes on a package that prevents tax hikes on the middle class and extends unemployment insurance. joining me now, congressional correspondent for the national journal, chris fragts and congressional reporter for the "washington post" ed o'keefe. chris let me start with you this time. we're talking about a deal could be reached. the president modestly optimistic. i'm hearing that word a little bit thrown around this morning and this afternoon, optimistic. so what does that deal look like now? >> well, t.j., i thought maybe your butmper musing coming back in shoulding final countdown. just a few days left and the senate is at work. a lot of optimism out there and a lot of happy talk coming out of friday's white house meeting. but the sides still remain pretty far apart. reid and mcconnell on who is rich. what's the definition of wealthy. is it 250,000? is it 400,000? they still haven't hashed that o
president obama says he's optimistic senate leaders can avoid the fiscal cliff with just three days to go. if no agreement is reached the president says he's urge congress to hold up or down votes on a package that prevents tax hikes on the middle class and extends unemployment insurance. joining me now, congressional correspondent for the national journal, chris fragts and congressional reporter for the "washington post" ed o'keefe. chris let me start with you this time. we're...
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now to avoid the distinction, congress needs to submit about 100 bills to president obama in the next few days. >>> that lack of productivity isn't hurting paychecks on capitol hill. even as tax hikes and an end to unemployment benefits for two million people could be on the way because of the fiscal cliff, congress, though, hey, about to get a raise. part of an executive order that president obama issued which ends a pay freeze for federal workers. their salaries, yeah, they'll if up by half a percent after march 27. that's an extra $900 before taxes. currently members of congress make $174,000 a year except for leaders who make a little more. the last time there was a pay raise was 2009. >>> there is one thing the senate has agreed on, getting aid to victims of superstorm sandy. by a 61-33 vote the chamber passed a measure offering $60 billion in help. it heads to the house which must approve the bill by thursday or else the process to consider the money has to start all over again. at least 113 people were killed when superstorm sandy hit in late october. the governors of new york
now to avoid the distinction, congress needs to submit about 100 bills to president obama in the next few days. >>> that lack of productivity isn't hurting paychecks on capitol hill. even as tax hikes and an end to unemployment benefits for two million people could be on the way because of the fiscal cliff, congress, though, hey, about to get a raise. part of an executive order that president obama issued which ends a pay freeze for federal workers. their salaries, yeah, they'll if up...
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>> reporter: president obama has put vice president joe biden in charge of a tax force looking at reducing gun violence. the president says he wants a report back next month. heather? heather: molly henneberg live for us in washington. thank you, molly. gregg: we're hearing new concerns our foreign policy will get more challenging over the next several months as violence intensifies in syria. and north korea and iran continue to defy international pressure over their nuclear programs. former u.s. ambassador to the united nations, john bolton will be here in three minutes on what to watch tore. heather: again, new information coming in on this breaking news coming out of the new york. firefighters ambushed and shot responding to a house fire. a live report right after the break. gregg: and with budget negotiations at a standstill there are new concerns about what a failed deal could actually do to the rest of the president's agenda. our political panel debates that coming up. >> i don't want taxes to go up. republicans don't want taxes to go up. but we only run the house. democrats continue
>> reporter: president obama has put vice president joe biden in charge of a tax force looking at reducing gun violence. the president says he wants a report back next month. heather? heather: molly henneberg live for us in washington. thank you, molly. gregg: we're hearing new concerns our foreign policy will get more challenging over the next several months as violence intensifies in syria. and north korea and iran continue to defy international pressure over their nuclear programs....